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Tag Archives: Oil price

Oil closes near $50 as US stocks claw back half ground lost after “Brexit” vote

oil price, Brexit

U.S. stocks were on track to close sharply higher in late-afternoon trading Wednesday, echoing strong gains in global markets as investor worries about Britain’s vote to leave the European Union eased. Traders also got encouraging data on U.S. consumer spending. Energy companies led the rally as the price of crude oil closed higher. Health care, industrials and financials stocks were ...

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Crude, energy stocks fall again

wall street, financial markets, oil price

U.S. stocks indexes headed sharply lower in afternoon trading Monday as investors grappled with the fallout of Britain’s vote to leave the European Union. European stock markets extended their losses from Friday. The British pound, which last week plunged to its lowest level since 1985, continued to fall as traders expected the British economy would take a hit. On Wall ...

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Global stock markets rally on US recovery hopes

global stock market

SEOUL, South Korea (AP) — Global stock markets rallied Wednesday as solid U.S. data raised expectations for a strong recovery in the world’s largest economy. European stocks were buoyed also by a deal to get Greece more rescue loans. KEEPING SCORE: Britain’s FTSE 100 rose 0.6 percent to 6,255 while France’s CAC gained 0.9 percent to 4,472. Germany’s DAX advanced ...

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Global stock markets, oil price turn lower

Global stock markets, oil price turn lower

NEW YORK (AP) — U.S. stocks are opening lower as another drop in the price of oil and some weak corporate earnings got trading off to a gloomy start. Oil companies sank along with the price of crude early Friday. Chevron fell 1 percent. Several companies were also falling after releasing weak earnings or outlooks. Deere & Co. and Nordstrom ...

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